Keurig Dr Pepper, Inc Declares Quarterly Dividend of $0.23 (NASDAQ:KDP)

Keurig Dr Pepper, Inc (NASDAQ:KDP) announced a quarterly dividend on Wednesday, May 20th. Stockholders of record on Friday, June 26th will be given a dividend of 0.23 per share on Friday, July 10th. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Friday, June 26th.

Keurig Dr Pepper has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Keurig Dr Pepper has a dividend payout ratio of 42.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Keurig Dr Pepper to earn $2.53 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 36.4%.

Keurig Dr Pepper Stock Down 0.6%

NASDAQ KDP opened at $28.69 on Thursday. The stock has a fifty day moving average of $27.34 and a 200-day moving average of $27.84. The stock has a market capitalization of $39.03 billion, a P/E ratio of 21.25, a price-to-earnings-growth ratio of 1.32 and a beta of 0.41. Keurig Dr Pepper has a 52 week low of $24.88 and a 52 week high of $35.94. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.12 and a current ratio of 2.31.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, April 23rd. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. The company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $7.23 billion. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period last year, the firm earned $0.42 EPS. On average, equities research analysts forecast that Keurig Dr Pepper will post 2.29 EPS for the current year.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.